September 18, 2018 Mr. Richard R. Hough, III Little Silver, NJ 07739 Dear Rick:Silvercrest Asset Management Group Inc. • September 24th, 2018 • Investment advice • New York
Silvercrest Asset Management Group LLC (“Silvercrest”) desires to continue to employ you and you desire to continue to be employed by Silvercrest under the terms and conditions set forth in this letter (the “Agreement”).
Nonqualified Stock Option AgreementNonqualified Stock Option Agreement • September 24th, 2018 • Silvercrest Asset Management Group Inc. • Investment advice • Delaware
This Option may be exercised with respect to the first 33% of the shares subject to this Option on the first anniversary date of the Grant Date, an additional 33% of the shares subject to this Option on the second anniversary of the Grant Date, and all remaining shares subject to this Option on the third anniversary of the Grant Date (in each case, subject to the Participant’s continued service with the Company or any of its Subsidiaries through the applicable vesting date).
